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Jan 17, 2013
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in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer beaters, you're going to like this. laura garcia-cannon will like it too. we'll show you how st. mary's dead it. >>> and rumors that tiger woods may be reconciling with his ex-wife. >>> a wide view of the south bay but i'll show you the east bay coming up. >>> rumors swirling that tiger woods is trying to get back with his ex-wife. a prenup deal is worth more than half of his $600 million fortune. >> unbelievable. >> reportedly elin will consider this proposal if it includes a $350 million anti-cheating clause. how about that? the couple divorced in 2010 after tiger revealed he was a serial cheater
in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer...
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Jan 17, 2013
01/13
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
01/13
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 18, 2013
01/13
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 17, 2013
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this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death a a burly cleared the plan is two months ago and worldwide regulators are ground the planes. i do not like this because there's too much of a chance of recalls. short- term, boeing is a risk. but they will not go out of business and the plane will figure out its problems. you probably wil >> thank you rob. we will be visiting with you a began talking about the winners and losers later. the >> we're taking a look at van ness ave. >> we have several spots in the upper 20s. it is clear conditions for most of us perry ed it is patchy frost and t
this is a big part of our economy. people feel more and wealthier when their home is doing well. >> let's talk about bowling. to this is dominating the headlines. we have already had japan ground their planes and now york. ethiopia is starting to the ground theirs as well. what is the situation with bowling? >> and boeing is one of those companies that is one of the greatest. they are almost like dale. this is a japanese battery maker and this seems to be the biggest problem. death...
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Jan 17, 2013
01/13
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LINKTV
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some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after leaving western myanmar. they said they had no choice but to leave. >> the soldiers would take women and daughters and rape them and then turned them back the next day. we had no freedom. we could not go anywhere. we had to make our own future. >> myanmar is predominantly buddhist, and the muslim minority are largely seen as illegal immigrants from neighboring bangladesh. after fighting between bouterse and muslims last year, more than 100,000 left homeless. this was all happening at a sensitive time for thailand. it has been ranked as a tier 2 nation on the watch list for human trafficking. if it is ranked
some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after...
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Jan 17, 2013
01/13
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, s
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing...
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Jan 17, 2013
01/13
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CNBC
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how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough quarter. john has three important numbers in this report. what are those three? >> with $13.6 mill billion, plus or minus a half billion. and so here are my three numberes. one, pc client group revenues. intel had 8.6 million in revenue. that group overall, expecting to be a little higher in q4 and that has to come from pcs or servers. pc sales are down 4.9% from last year. if that's right, you got to hope servers deliver big for intel. two full year gross margin guidance, with capex spending and particularly important now because of how demand shifts in the pc market. his intel plans running below capa
how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough...
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Jan 16, 2013
01/13
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. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how f
. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and...
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Jan 17, 2013
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and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying to get to that level. yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be
and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying...
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Jan 17, 2013
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there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income.
there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown...
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Jan 17, 2013
01/13
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that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the market gets too hot, somebody could get burned. in concord, john ramos, cbs 5. >> the industry experts predict the higher prices will eventually lead to more inventory for sale. to see the housing numbers broken down county by county go to our website, cbssf.com. click on news. >>> a barber and father of a five-year-old girl is the first homicide victim of the year in san jose. cbs 5 reporter elissa harrington shows us the victim's family is turning to the public in their quest for answers. >> we don't want to wake up every morning asking the same question, why and who? >> reporter: why 34-year-old ivan segura was killed and who di
that would be a good for market, sellers and buyers and the economy overall. >> reporter: we're not there right now? >> we're really hot. >> reporter: too hot? >> i think so. too hot to sustain. >> reporter: a lot of factors influence that median price including artificially low interest rates and buyers feeling pressure to bid ever higher. the fear is that the whole thing could collapse again. nobody wants to go back to 2009. but the warnings are there. if the...
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Jan 17, 2013
01/13
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the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the struggling economy is taking a toll on families. median household income, lower than it was in 2009. 46% millions live below the poverty line. more than four years ago. the federal public debt has increased from $10.6 trillion in january 2009 to $16.4 trillion now. there's the big number same as four years ago. the unemployment rate of 7.8%, though it's down from a high of 10% in october 2009. other figures of the last four years. number of u.s. troops in iraq, dropped from nearly 140,000 to 200. as the president fulfilled the promise to end that w
the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the...
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Jan 17, 2013
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it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all on oprah, including he is manti te'o's girlfriend. how much of a hit will the armstrong brand take? stay with us. lance. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. omnipotent of opportunity. you know how to mix business... with business. and you...re
it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit....
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Jan 17, 2013
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first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or pay $2,000 on to $3,000 penalty. businesses of all sizes are searching for ways to cope with the law, and the easiest way to avoid paying expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they are more likely to hire temp employees. you will have try to have fewer than 50 full-time em
first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being...
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Jan 17, 2013
01/13
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in a statement released to nbc bay area, the hospital says it has been hit hard by the economy and says it had to eliminate unfilled positions and order voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they reportedly took place behind closed doors. washington hospital does get funds from property taxes meaning it must follow the very same public meeting laws as a city council. >>> the board of pilot commissioners will meet this morning for the first time since the tanker crashed into the bay bridge. the board's agenda does not include the crash but board members could talk about that january 7th incident. it was foggy when the tanker sideswiped one of the towers of the bay bridge. there are reports that faulty navigation equipment could have led to the crash. this morning's meeting takes place in san francisco at 9:30. >>> this next one is a huge international story. shares of boeing under pressure again today as the grounding of the 787s continue. >> as of this morning every single dreamliner in the world i
in a statement released to nbc bay area, the hospital says it has been hit hard by the economy and says it had to eliminate unfilled positions and order voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they reportedly took place behind closed doors. washington hospital does get funds from property taxes meaning it must follow the very same public meeting laws as a city council. >>> the board of pilot...
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Jan 13, 2013
01/13
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FBC
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now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all right, you're talking about the center or for disease control. but i want to know, why is it so bad, doctor? why is it as bad as it is? are these shots not working? is it a different strain of flu that's grown? >> yeah, couple of things. this particular flu strain, h3n2, is associated with more complications than previous strains of the flu. sometimes people who initially have flu symptoms and then actually get worse a couple of days later may have a superimposed bacterial fection. the second reason is that even though there is, you know, relative availability of the flu sho
now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all...
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Jan 17, 2013
01/13
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FOXNEWS
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the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. union
the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those...
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Jan 18, 2013
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 17, 2013
01/13
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FBC
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economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned two americans are on their way to london. bp is pulling nonessential personnel out of algeria. details here still very fluid. there is a lot of conflicting reports out there. here to help us sort it out, john bolton, former ambassador to the united nations. he is also a fox news contributor. i want to start out, can you put this in perspective for us. how big of a deal is it to the u.s.? >> i think we should consider it very significant. even though it is in algeria a long way away. when you combine it with the hostilities in mali, the fact t
economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned...
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Jan 18, 2013
01/13
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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Jan 18, 2013
01/13
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
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Jan 16, 2013
01/13
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>> it's going to affect the availability of various types of seafood, which, of course, impacts the economy on a very large scale in our area. >> reporter: does that continue to concern you? >> oh, absolutely. yeah. i think the effects we're seeing now are just the beginning. >> reporter: there are also worries over rising sea levels. in nearby huntington beach, the tide now comes up farther inland. >> along the california southern coast we've experienced an eight-inch rise in sea level already. it's nothing we can continue to deny. >> reporter: the u.s. government predicts sea levels will rise between 1 and 4 feet by the next century. bigad shaban, cbs news, long beach, california. >>> when we come back on this wednesday, lifting spirits with a song. students from sandy hook elementary school gather for a special recording. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. crashes into a crane during the morning rush
>> it's going to affect the availability of various types of seafood, which, of course, impacts the economy on a very large scale in our area. >> reporter: does that continue to concern you? >> oh, absolutely. yeah. i think the effects we're seeing now are just the beginning. >> reporter: there are also worries over rising sea levels. in nearby huntington beach, the tide now comes up farther inland. >> along the california southern coast we've experienced an...
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Jan 18, 2013
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economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as can you see on the the impending so-called sequestering, which i believe kicks in sometime in the next six weeks or so. and then in late march, on the idea that the government will run out of money. there will be no authorization to spend anything more and the government could functionally shut down. is that involved here at all? >> not in a formal sense. but of course all of this is linked together, what the spending plans are to come up with cuts to avoid the budget sequester which neither party wants because it affects it in is indis
economy hostage. they are saying no. we are holding the senate hostage it a debt limit increase, that's what they have to do and we will see how far they get with the proposal. if we do a short term extension of the debt limit we are going to make it be clean without conditions. and this is what the back and forth is going to be in the parties over the next couple of weeks. >> let's talk a little bit about two other major deadlines here. does this have any impact whatsoever john as far as...
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Jan 17, 2013
01/13
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is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five, ten years ago would have struck us as particularly robust. retail sales up half of a percent over the holiday for the month. good number. not an incredible number but a whole lot better than everyone saying oh, this is terrible. >> i think we have the inflation chart. let me put the cpi up. the cpi is falling if i'm not mistaken. for all the talk by the inflationistas of the federal reserve's monetary policy which i basically disagree take a look at that. inflation is one of our problems. quick question. one of the leaders of this market, banks. financia
is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five,...
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Jan 17, 2013
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. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has d
. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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what would you like to change about the approach to developing the economy? >> we are getting better. the city as got more proactive about attracting businesses and new industries and providing incentives for them to come and stay here. it is still a very expensive place to do business in terms of the cost of labor, land. we need to make sure that we are not taxing businesses to the point that it is not profitable and we are not attractive for them to be here. we need to reform our payroll tax. that is an incentive not to create jobs. i know the board president david chu is working on possibility this there -- possibilities there. i look forward to working with him. we've targeted efforts to revitalize areas and bring industries here with the tax holiday and proposal introduced yesterday relating to parts of the tenderloin to provide some payroll tax relief to encourage businesses like twitter and others to go there. >> the governor has proposed eliminating funding for redevelopment agencies. what is your opinion of the plan? what are your thoughts on the val
what would you like to change about the approach to developing the economy? >> we are getting better. the city as got more proactive about attracting businesses and new industries and providing incentives for them to come and stay here. it is still a very expensive place to do business in terms of the cost of labor, land. we need to make sure that we are not taxing businesses to the point that it is not profitable and we are not attractive for them to be here. we need to reform our...
SFGTV2: San Francisco Government Television
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Jan 14, 2013
01/13
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we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your district? what is the parking and traffic situation like? >> muni is not near where it needs to be. in the caster, we have the subway. -- in the castro, we have the subway. a can be terrific or frustrating. we are next to the bart line. in other parts of the district, is unreliable. the writeridership is lower bece of unreliability. other lines are not as frequent and people not think of using them. we have a particular problem in diamond heights. the neighborhood is served primarily by the 52 line. it is incredibly unreliable. the buses miss runs-------.
we need to have them here for a functioning economy. i am looking for ways to fund more of that kind of housing, particularly for a central employees like teachers, nurses, first responders. we need to make sure that our development is a transit- oriented. we do not want to encourage suburban sprawl. we want to do infill housing so that people can live near where they work and near public transportation. >> let's talk about public transportation. is there adequate muni service in your...
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Jan 16, 2013
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>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's the buzz. that's everything. you don't get a lot of corvettes. this is the seventh generation that the corvette has gone through since 1963. >> that's the first time we've had stingray used in the title. >> since the '60s. i grew up with two in the household. i'm a corvette fan. great car, it's always been the budget -- >> no leg room. >> in the front. two seats. nothing in the rear. >> nothing in the back. >> 450 horse power in the minimum. >> it's not green. >> the corvette is not about green, right? if you're out cruising, the current one can get up to 30 miles
>> they're an indication of how the economy is going. the economy is growing people are buying pickup trucks because we're building. construction is up. people are confident. they're not cheap. you can get some for 20 but some of the bigger ones, $50,000, $60,000. >> i've watched the news coming out of this auto show and everybody seemed to at least at the top or next to the top be talking about the new corvette stingray. >> the corvette stingray is the car of the show. that's...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we continue to tour. reputation grows and grows and grows and it has never stopped going forward. msk(music) >> the bay area knows the orchestra. you maybe take things for granted a little bit. that is simply not the case will go on the road. the audiences go crazy. they don't see vitality like this on stage. we are capable of conveying joy when we play. msk(music) >> any performance that we do, that a program, that will be something on the program that you haven't heard before. string orchestra repertoire is pretty small. i used to be boxed into small repertoire. i kept constantly looking for new repe
and after we opened, which was a spectacular opening concert about five weeks after that the economy completely crashed. my plan -- and i'm absolutely dogmatic about my plans --were delayed slightly. i would say that in this very difficult timefor the arts and everyone, especially the arts, it's phenomenal how new century has grown where many unfortunate organizations have stopped. during this period we got ourselves on national radio presence; we started touring, releasing cds, a dvd. we...
SFGTV2: San Francisco Government Television
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Jan 20, 2013
01/13
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to get you from point a to point b unless you consume that ultimately drives value to the american economy. our customer, i can completely agree with what shannon said in terms of our business objective, so to speak, is to empower entrepreneurs and innovators, to create jobs. that's a metric of success, not revenue generated per data set or some other per ifervance metric. the other piece of that looking back to the example of weather and gps, my monetization, is that together they contribute $100 billion to the american economy last year. last year alone from just those two data liberations. so, that is the way in which we are approaching from a strategy perspective, the ultimate impact to our customers. >> one super quick. one thing the city of san francisco or big cities or federal, right, the other smaller cities, smaller cities have smaller budgets. having a structure to support all this open data takes a lot of money. so, when these small cities are thinking about this, they should think about a way of somehow equalizing because they are putting into having these open data team, righ
to get you from point a to point b unless you consume that ultimately drives value to the american economy. our customer, i can completely agree with what shannon said in terms of our business objective, so to speak, is to empower entrepreneurs and innovators, to create jobs. that's a metric of success, not revenue generated per data set or some other per ifervance metric. the other piece of that looking back to the example of weather and gps, my monetization, is that together they contribute...
SFGTV2: San Francisco Government Television
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Jan 15, 2013
01/13
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and i think the comment was made in each of the economies but in fact what we found, when you have realignment, all 58 counties deciding what to do, if we just look at the incarceration rates across each of the counties, fresno, like county, population demographics to san francisco. and it's a law that impacts on a statewide basis is more sensible than leaving it up to each county because then you'll end up with 58 different styles and methods of criminal justice. >> tal? >> i'm the public defender and it's my job to push the envelope. it's one thing to talk about reducing possession charges from felonies to misdemeanors but i'm not sure that's going to change the color and demographics of the population in county jail. they're out there on the street sometimes selling small amounts of drugs. until we address that problem and expand exponentially. jails will still be filled with poor people and people of color. you're not ending the war on drugs. we need to think of at holistic play as a public-health problem. not as a rush also the people who are selling and people are selling a rock to a pol
and i think the comment was made in each of the economies but in fact what we found, when you have realignment, all 58 counties deciding what to do, if we just look at the incarceration rates across each of the counties, fresno, like county, population demographics to san francisco. and it's a law that impacts on a statewide basis is more sensible than leaving it up to each county because then you'll end up with 58 different styles and methods of criminal justice. >> tal? >> i'm the...
SFGTV: San Francisco Government Television
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Jan 14, 2013
01/13
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going to be coming back and probably looking for month, because it's the prudent thick to do with the economy improving. i think every project in the country is going to be looking at this. because things are getting better. there is a lot more work out there and the price of materials are starting to go up. so it's prudent for all projects to look at higher contingency reserves. >> okay. i have one more question. in your report, you referenced that you had completed or just about to complete the risk assessment and then the november project state report we got last night there was some reference to cost and design issues associated with that. is that something -- what are the issues there? >> i will come back to you on the rva. those items are a closed session item because the confidentiality and sensitivity of it. >> thank you. >> are there any other questions? seeing none, thank you. now directors we will conclude with turner construction giving you our later construction update. >> good morning directors, steve with turner construction. even with the holidays it was a very -- [ inaudible
going to be coming back and probably looking for month, because it's the prudent thick to do with the economy improving. i think every project in the country is going to be looking at this. because things are getting better. there is a lot more work out there and the price of materials are starting to go up. so it's prudent for all projects to look at higher contingency reserves. >> okay. i have one more question. in your report, you referenced that you had completed or just about to...
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Jan 17, 2013
01/13
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KRON
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unless there is something with the economy perry ed i would get what i could afford. contact the and see what options you have. >> the second question from suzanne perry ee. ebay stock isa 52, i should i buy? >> yes. do not buy over 52. you should buy a little bit now and then it goes higher by more. if you buy a 52 today and it goes down and you can dollar cost. mobil payments will be a big story. i like visa and mastercard. >> thank you rob for joining us. >> 9:18 a.m.. here is a beautiful shot of the san francisco donau. we are waiting for the sunshine to do the job. >> it is slowly starting to warm-up. we did have patchy fog fault with subfreezing temperatures. the warming trend will continue into the weekend. conditions are still below freezing and santa rosa. at apart is for napa up perry ed it is already in the '50s and richmond. we are dealing with upper 30 is true livermore valley. as we track the temperatures futurecast 4 shows that it will be a lot of 50s out there. as we head into the noon hour was the '50s as well as some 60's. if this is pretty much wher
unless there is something with the economy perry ed i would get what i could afford. contact the and see what options you have. >> the second question from suzanne perry ee. ebay stock isa 52, i should i buy? >> yes. do not buy over 52. you should buy a little bit now and then it goes higher by more. if you buy a 52 today and it goes down and you can dollar cost. mobil payments will be a big story. i like visa and mastercard. >> thank you rob for joining us. >> 9:18...
SFGTV: San Francisco Government Television
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Jan 17, 2013
01/13
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i, again, whether it be weather or the economy and i am not sure. over all, new year's eve went over well and we did not have any major incidents and minor incidents here and there and some violence, but again, nothing that we have seen in the past years, so that is the very good news. i worked that evening with both members of sfpd and hitting a lot of different venue and we were able to cover a lot of the city that night. so having said that, over all, just beyond new year's eve, our holidays in particular were pretty quiet as far as the industry goes. businesses were opened, but, we were not seeing some of the crowds that we see in the past years. hold on. then i was wrong there were no corrective actions we. have been investigating a few things, the mile cafe, a crepe store and kt and those are kind of the big ones that we are looking into right now that you will see on the top of the list. again most of the issues that we are dealing with is violations of the good neighbor policy or operating without a permit. but, again from comparatively to l
i, again, whether it be weather or the economy and i am not sure. over all, new year's eve went over well and we did not have any major incidents and minor incidents here and there and some violence, but again, nothing that we have seen in the past years, so that is the very good news. i worked that evening with both members of sfpd and hitting a lot of different venue and we were able to cover a lot of the city that night. so having said that, over all, just beyond new year's eve, our holidays...
SFGTV: San Francisco Government Television
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Jan 15, 2013
01/13
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it is an important part of making the economy of san francisco work, to making the quality of life good and better. but it's not just get around san francisco any old way. this is san francisco, and we have values that we bring to our transportation system. we want people to get around in a way that steps lightly on the environment. we want people to get around in ways that are enjoyable. and that really contribute to what makes san francisco special, such as our wonderful cable cars. but above all, we want to make sure that people can get around the city safely. it's no good to have a great transportation system if people can't get around safely. people need to not only be able to be safe, but to be able to feel safe, and nowhere is that more important than when you're on foot because that is when you're arguably the most vulnerable. it's also how every trip starts and ends. and many trips in san francisco, and we want more of them in between, to be on foot as well because it's a nicer way to enjoy the city. but if we want people to be out and walking, we need them to be safe. we want
it is an important part of making the economy of san francisco work, to making the quality of life good and better. but it's not just get around san francisco any old way. this is san francisco, and we have values that we bring to our transportation system. we want people to get around in a way that steps lightly on the environment. we want people to get around in ways that are enjoyable. and that really contribute to what makes san francisco special, such as our wonderful cable cars. but above...
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Jan 17, 2013
01/13
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. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn children. >>> and a remarkable story, now, from that helicopter crash in central london just yesterday. the helicopter clipped a construction crane, burst into flames, killing two people, injuring more than a dozen in the process. but the two crane workers survived. why? because they both overslept for the first time in years and were late getting to work. >>> and finally, something of a controversy at subway. a growing movement, now, online has people getting out their measuring tapes showing that the sandwich chain's famous foot-long sub actually falls one inch short. >> oh, no. >> 1
. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn...
SFGTV2: San Francisco Government Television
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Jan 14, 2013
01/13
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we have never really taken a look at what it contributes to our economy. i think that is an important piece of information to have to guide policy making in the future. i have requested a hearing on the impact of historic preservation of other important policy goals in the city like creating affordable housing, having usable parks and libraries, etc. i want to look at how those different policies interact with each other. those are a few things i am working on. >> we are out of time. we will have to wrap this up. thank you so much for joining us. we have been talking to supervisor wiener from district 8. watch for the next episode of "need your supervisor." we will be back with one of our 11 city supervisors. ♪ >> san francisco is home to some of the most innovative companies of the 21st century. this pioneering and forward looking spirit is alive in san francisco government as well. the new headquarters of the san francisco public utilities commission at a5 25 golden gate avenue is more than just a 13-story building and office ablation. instead, city le
we have never really taken a look at what it contributes to our economy. i think that is an important piece of information to have to guide policy making in the future. i have requested a hearing on the impact of historic preservation of other important policy goals in the city like creating affordable housing, having usable parks and libraries, etc. i want to look at how those different policies interact with each other. those are a few things i am working on. >> we are out of time. we...